Tezos chain upgrade Delphi: Gas drop by 75%, storage costs reduced by four times, significantly boosting Decentralized Finance development.

The Tezos blockchain launches the "Delphi" upgrade, significantly enhancing the user-friendliness of Decentralized Finance applications.

Recently, the Tezos blockchain successfully implemented a significant upgrade codenamed "Delphi". The main goal of this upgrade is to attract more application developers by significantly reducing network operating costs, especially in the Decentralized Finance ( DeFi ) field.

According to the official announcement, the Delphi upgrade has made a series of optimizations to the Michelson language interpreter of the blockchain, reducing Gas consumption by approximately 75%. In addition, storage costs have also been reduced by 4 times. These improvements will enable developers to deploy more complex smart contracts and applications on Tezos.

Industry experts point out that this upgrade, combined with Tezos' regular upgrade mechanism, marks Tezos' maturity in the Decentralized Finance development environment. Similar to Ethereum, the Gas on Tezos reflects the computational complexity required to execute operations. However, the Gas on Tezos is not directly used to pay fees, but serves as a limiting mechanism to prevent applications from over-consuming computational resources. Actual fees are calculated separately based on the Gas required for operations.

Tezos has set Gas limits for each operation and each block. By reducing Gas consumption, the Delphi upgrade makes it easier and more economical to deploy complex smart contracts in advanced applications such as Decentralized Finance.

Core team members involved in the development of Delphi emphasized the importance of low gas costs for Decentralized Finance applications. They stated that with the implementation of the Delphi upgrade, the Tezos protocol's appeal for DeFi applications and complex smart contracts has significantly increased.

Tezos "Delphi" upgrade reduces Gas costs by 75%

Experts also pointed out that the new and more frequent protocol upgrade mechanism adopted by Tezos will help it maintain a leading position in terms of performance improvement, integration of new technologies, and development of new use cases.

Previously, Tezos has been regarded as one of the main competitors to Ethereum in the Decentralized Finance space. Through this upgrade, Tezos has further enhanced its competitiveness in the blockchain ecosystem, particularly in the rapidly evolving DeFi market.

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AirdropHarvestervip
· 08-13 22:29
I'm here to save gas.
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alpha_leakervip
· 08-13 22:27
gas is really cheap now
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BlockchainFoodievip
· 08-13 22:21
defi on tezos... finally cooking with gas y'all
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ColdWalletGuardianvip
· 08-13 22:17
When will the fees be lowered again?
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TokenSherpavip
· 08-13 22:14
*actually* if u examine the historical metrics, this gas reduction was long overdue... smh at those who didn't see it coming
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